Update from DRG Chartered Accountants 


Register of People with Significant Control (PSC)

This new legislation aims to increase the transparency of the ownership and control of UK companies, with the goal of deterring the misuse of companies for illicit activities such as money laundering, corruption and tax evasion. 

Who needs to register ?
The legislation currently applies to all UK Companies and LLPs, who are now required to create a register of people with significant control (PSC). The PSC register will now form part of the Annual Confirmation (which replaces the Annual Return after the 30th June 2016). This register needs to be maintained and any changes should also be filed at Companies House.

For most businesses, particularly owner-managers, creating the register will have been a simple process. However, for those companies with more complex business structures and foreign ownership, compiling the register will have been more involved.

If you wish to discuss how to implement this legislation and remain compliant, please do get in touch.

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Corporate Directors Prohibited from 31st October

The Small Business, Enterprise and Employment Act 2015 prohibits the use of one company being the director of another company with certain exceptions. Existing corporate structures will automatically cease to be directors on the 31st October 2016.  

Companies will need to consider the impact on their existing arrangements and to ensure that they remain compliant.

If this legislation affects you, please do get in touch so the necessary restructuring can be implemented ahead of the deadline


Forthcoming events

We arrange and sponsor a range of events, with the aim of helping businesses develop, grow and create strong networks within the community. Many of these events are complimentary - please feel free to invite your colleagues and business partners.

Maidenhead Chamber of Commerce Networking Lunches at Fredricks
We are delighted to sponsor these regular monthly lunches. The next dates is:-
Thursday 26th May

Google comes to Maidenhead
Improve your digital skills. We are pleased to be sponsoring this complimentary event.
Wednesday 18th May

DRG Annual Economic Briefing
What will the economic landscape look like following the EU referendum? Come and hear Barry Naisbitt, Chief Economist Santander, speak at this complimentary business breakfast.
Friday 8th July 

DRG Women-in-Business Group
Join us for the our next WIB lunch, when Sally Hindmarch, will be providing some useful tips to help boost your confidence in every situation.
Tuesday 27th September

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